The firm's short run profit is $14,000.
What is the short run profit or loss?Short run profit or loss can be determined by subtracting total revenue from total cost. Total revenue is total units sold multiplied by price per unit.
Short run profit = total revenue - total cost
Short run profit = (1000 x 50) - 36,000 = $14,000
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The typical pattern revealed in a budget constraint model shows that as the quantity consumed rises,.
The typical pattern revealed in a budget constraint model shows that as the quantity consumed rises the cost of good purchased also increases.
What is Budget constraints modelThe models shows the amount of goods and services that an individual consumer can purchase based on a given income.
The income of the individual could be inform of salary.
Therefore, The typical pattern revealed in a budget constraint model shows that as the quantity consumed rises the cost of good purchased also increases.
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A study by carnegie mellon university showed that drivers talking on cell phones can miss seeing ......% of their driving environment, including pedestrians and green lights (strayer, d. l. 2007). 20 10 50
(Strayer, D. L. 2007), A study by Carnegie Mellon University showed that drivers talking on cell phones can miss seeing 50 % of their driving environment, including pedestrians and green lights.
What are the risks of using cell phones while driving?There are studies, which have found that drivers who use cell phones while driving are more likely to face accidents resulting in injuries and there is a correlation that exists between phone use and accountability for crashes.
Therefore, (Strayer, D. L. 2007), A study by Carnegie Mellon University showed that drivers talking on cell phones can miss seeing 50 % of their driving environment, including pedestrians and green lights.
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Product differentiation by incumbents acts as an industry entry barrier because: new entrants will not have the technological capability to differentiate their products. incumbents will take legal action if new entrants do not differentiate their products. it helps a firm to derive greater economies of scale. new entrants will have to spend heavily to overcome existing customer loyalties.
Product differentiation by incumbents acts as an industry entry barrier because (D) new entrants will have to spend heavily to overcome existing customer loyalties.
What is product differentiation?A marketing tactic called "product differentiation" aims to set a company's goods or services apart from those of its rivals. Identifying and articulating a product or company's distinctive traits while stressing the key distinctions between that product or company and its rivals are necessary for successful product differentiation. Creating a compelling value proposition and product differentiation work hand in hand in order to make a product or service appealing to a target market or audience.If done well, product differentiation can give the seller of the product a competitive edge and ultimately increase brand recognition. The quickest high-speed Internet service or the most fuel-efficient electric car on the market are two examples of distinct products.Therefore, product differentiation by incumbents acts as an industry entry barrier because (D) new entrants will have to spend heavily to overcome existing customer loyalties.
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In a system of 100-percent-reserve banking, a. banks do not accept deposits. b. banks can increase the money supply. c. banks do not influence the supply of money. d. loans are the only asset item for banks.
The correct option is C). banks do not influence the supply of money.
What is 100-percent-reserve banking?100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.
In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.
This system is also known as full-reserve banking.
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A media strategy involves _____ for an advertising and marketing campaign.
In most time, the media strategy involves analyzing & choosing media for an advertising and marketing campaign.
What is a media strategy?This refers to those action that help a firm to reach their target audience as well as to improve the overall customer conversion rate.
Hence, most time, the media strategy involves analyzing & choosing media for an advertising and marketing campaign.
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At the beginning of january, john deposits a dollars into a non-interest-bearing bank account. if john withdrawals d dollars from the account every month and makes no additional deposits, how much money, in dollars, will be in the account after m months
The money that would be in the account after m months is a - md.
How much money would be in the account after m months?The amount of money in the account would decline each month by the value of the withdrawals.
Balance after m months = amount deposited - (number of months x monthly withdrawals)
a - md
Where:
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The top management of hipster clothing decides to set up an online store to cater to the changing business environment and reach out to the hispanic market. the management also identifies that the success of the company will depend on its ability to create and develop new products and processes in the next two years. this is an example of
I they create and develop new products and processes in the next two years. This is an example of strategic planning.
What is strategic planning?Strategic planning can be defined as those goals and objective a company or organization intend to achieve in the future.
Based on the given scenario the company is engaging in future Strategic planning as they intend to develop new products and processes in the next two years.
Therefore this is an example of strategic planning.
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Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted debit balance. The adjusting entry to record estimated bad debts includes a ______. (Select all that apply.) Multiple select question. credit to Allowance for Doubtful Accounts of $1,100 debit to Bad Debt Expense of $900 Bad Debt Expense will show a negative (or credit) balance of $1,100 credit to Allowance for Doubtful Accounts of $1,000 credit to Allowance for Doubtful Accounts of $900 debit to Bad Debt Expense of $1,000
The Adjustment entry to record the estimated bad debts include debit to Bad Debt Expense of $900 and credit to Allowance for Doubtful Accounts of $900. Thus 2nd and 5th options are correct.
What is Bad debt?Bad Debt refers to the amount of loan which cannot be recovered. It is an outstanding balance which is irrecoverable. Thus in simply words it means the amount which will not be paid by the customer.
According to the given question, The credit balance is $100 in Allowance for Doubtful Accounts.
The credit sales method a specific percentage of credit sales represent bad debts of the previous period. Thus the difference amount comes under Allowance for Doubtful Accounts.
Journal Entry for the estimated bad debts is as follows:
DR. BAD DEBT EXPENSE $900
To CR. ALLOWANCE FOR DOUBTFUL ACCOUNTS $900
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After critical success factors have been identified, the next step in developing a competitive strategy is to develop relevant and reliable measure for these critical success factors. These measures are important to help the organization:
These measures are important to help the organization monitor progress toward achieving strategic goals.
What is a Staretegic Goal?This refers to aims and objectives of a business and the steps it takes to achieve them.
Hence, we can see that the next step to take after the critical success factors have been identified is to develop competitive strategy that would help to monitor progress toward achieving strategic goals.
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The classified balance sheet will show which asset subsections?
Asset subsections of the classified balance sheet will show
Current assets.Long-term investments.Fixed assets (or Property, Plant, and Equipment)Intangible assets.This is further explained below.
What is a balance sheet?Generally, the balance sheet is simply defined as a record of the financial standing of a company or as of a certain date, including a breakdown of its assets, liabilities, and capital as well as a summary of its revenue and expenses during the prior accounting period.
In conclusion, Current assets, Long-term investments are some of the Asset subsections of the classified balance sheet
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The authority that employees are given to swiftly solve customers’ problems is referred to as _______.
The authority that employees are given to swiftly solve customers’ problems is referred to as empowerment
What is empowerment?Empowerment is the process of given an individual all it takes to stand alone.
It could be knowledge transfer or money or authority and it can also be used in problem solving.
Therefore, the authority that employees are given to swiftly solve customers’ problems is referred to as empowerment
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Changing the business task involves defining a new _____.
Changing the business task involves defining a new question or problem to be solved.
What is involved in changing business tasks?The process of changing the business task involves these steps:
Assessment of what needs changingPreparation of the business for changeExecution of the changes.It has been discovered that during the assessment step, customers and competitors should be coopted so that the results of data analysis can be properly verified.
Thus, changing the business task involves defining a new question or problem to be solved.
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(c) The price of widgets is $9. If the hardware store wants to increase its revenue, how should it change the price
The hardware store would have to trade up certain goods to get an increase on its revenue. Hence, for the hardware store to change the price, trade up is the option. Read below about trade up.
What is trade up?Trading up means adding a higher-priced, higher-quality version of a product to the range, generally to increase sales of the lower-priced model through consumer association of its image with the more prestigious model.
Therefore, the means by which the hardware store can change the price or increase its revenue is by trade up.
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Why do you need to know what your audience is thinking and feeling on their path-to-purchase with your organization
We may begin to develop material that speaks to the requirements of our audience if we are aware of their underlying motives and potential obstacles.
Why do you need to know what your audience on their path-to-purchase?Many manufacturers examine patron pride as a mirrored image of ways efficiently the enterprise is assembly patron expectations.
However, not withstanding the perception it could offer into the effect a commercial enterprise is making, patron pride by myself fails to offer perception into the fulfillment of a company’s patron enjoy strategy. For example, a patron might be particularly glad however absolutely unmotivated to make extra purchases or propose the logo to others.
When you integrate patron pride with a broader strategy, to leverage emotional connection, you’re capable of compare how probable clients are to buy greater, propose greater, and continue to be dependable over time.
Our today's studies has determined that the clients of these days need manufacturers to construct an emotional reference to them and exhibit an know-how of ways they feel. More than 60% of clients need groups to care greater approximately them and say that they might purchase greater as a result.
Customer pride is a miles less complicated metric to degree than emotion. As defined in our manual to taking pictures patron emotion, even if clients try to describe how they feel, they won't completely recognize their very own subconscious emotional responses and be capable of as it should be describe their enjoy. As a result, groups ought to leverage an omnichannel analytics platform to investigate the emotional connection a patron has together along with your commercial enterprise primarily based totally on records from throughout sources.
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Productivity in the service sector is difficult to measure because new technology adds to:
Productivity in the service sector is difficult to measure because new technology adds to quality of services provided.
What is productivity?
Productivity is defined as the efficient way of producing goods and services. Productivity occurs when the input to a system matches the output.
When technology is added to productivity, the service sector finds it difficult to measure due to the quality of the services provided
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A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits
Answer:
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Explanation:
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The common denominator for decisions on service processes is _______, but for manufacturing processes it is _______
The common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
What is a common denominator?This refers to the feature that is shared by all members, item, quantity of a subject matter.
Hence, the common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
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In the United States alone, $16 billion of products and services are traded every year without any money changing hands in a practice referred to as
In the United States alone, $16 billion of products and services are traded every year without any money changing hands in a practice referred to as Barter transactions account .
A barter exchange account is handled as an asset account and the revenue from bartering is treated as income in a typical journal entry. In the aforementioned scenario, barter income would be credited with $100 and the barter exchange account would be debited with $100.A barter exchange is a group of people or businesses that have decided to swap goods or services without taking payment in cash.Disadvantages are that bartering frequently requires much time and hassle and that goods are often not readily divisible, meaning that swapped goods have to be basically equal in value if a trade is to occur.What are barter accounts?
A barter exchange operates as a broker and bank in which each participating member has an account that is debited when purchases are made, and credited when sales are made. Compared to one-to-one bartering, concerns over unequal exchanges are reduced in a barter exchange.Learn more about barter accounts brainly.com/question/23967562
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Your client has a documentary film coming out next month. They have three separate 30-second promo videos and want to identify which ad viewers watch to the end most often. To prioritize showing that ad, which type of video creative optimization would you use
To prioritize showing that ad, the type of video creative optimization to use would be dynamic creative optimization
What is Video Creative Optimization?This refers to the use of visual effects to make a media file or video come out better by making some changes to it.
Hence, we can see that based on the fact that there are different 30-second videos and get feedback from customers, the use of dynamic creative optimization would be encouraged so that each ad would be prioritized.
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Sofia works for Galaxy Manufacturing Inc., where her team shares a machine and materials with another team that works a different shift. Each team is responsible for ensuring that the machine is in working order and the work area is fully stocked before handing it over to the other team at shift change. The two teams sharing a work space and machine is known as ________ interdependence. Group of answer choices complete pooled reciprocal sequential
The two teams sharing a work space and machine is known as sequential interdependence.
What is sequential interdependence?Your team members depend on one another in predictable ways for the flow of information, tasks, and decisions when there is sequential interdependence.
It has the following features-
sequential interdependence is a type of task interdependence.The output of one person serves as the input for the following one in the chain. What the name implies is precisely that: sequential dependency. When one department or team must complete a task before another team can, it occurs.To know about the task interdependence, here
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. Write a paragraph (three to five sentences) to explain how your allocation of Marc and
Julian's portfolio matches their investment goals and priorities. (12 points)
Marc and Julian's in terms of investment priorities and risk tolerance, shares a lot of their portfolio to High-risk stocks and real estate.
How should Marc and Julian's portfolio shared?Marc and Julian's are said to be young people that will be liken to have High risk tolerance.They will also prioritize growth in the long run.The priorities as shared are:
32% to High-risk stocks and bonds 24% to real estate.This is done because this is a kind of risky investments that will bring about high returns in the long run.
17% to Mutual funds 15% to retirement and others.Cash will be 3% low risk stocks and bonds will be shared 9%.Therefore, Marc and Julian's in terms of investment priorities and risk tolerance, shares a lot of their portfolio to High-risk stocks and real estate.
See full question below
Now it's time to help Marc and Julian allocate the investments for their portfolio. This
section is worth 28 points.
1. Marc and Julian have $30,000 they would like to invest. Based on all you know
about their investment priorities, interests, and tolerance for risk, assign each type of
investment a percentage of the $30,000. Your allocations should add up to 100%. (16
points)
Average annual rate of Recommended allocation
Type of investment return
(percentage)
Cash (includes savings
accounts and CDs) 0.5%
3%
High-risk stocks and bonds 8 - 10%
32%
Low-risk stocks and bonds 3 - 4%
9%
Mutual funds
5 - 7%
17%
Real estate
6 - 8%
24%
Retirement
4 - 6%
15%
2. Write a paragraph (three to five sentences) to explain how your allocation of Marc and Julian's portfolio matches their investment goals and priorities. (12 points)|
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To raise capital, Anna Moreno and Talia Black plan to sell stock to between 108 and 200 investors. They also want to avoid double taxation. Which type of business ownership would you recommend
S-corporation business ownership
What is S-corporation?
S corporations are the corporations that elect to pass corporate income, losses,or deductions, and credits through to their shareholders for federal of taxes purposes.
Shareholders of S corporations report the flow through of the income and losses on their personal tax returns and are assessed tax at their individual income tax rates.
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What do we call written agreements among states that serve as the most important source of international law
Treaties are written agreements among states that serve as the most important source of international law.
What are Treaties?A formal, written agreement that is enforceable under international law is known as a treaty.It is often made by and between sovereign governments and international organizations, however, it can occasionally involve individuals, corporate bodies, and other kinds of legal persons. Among other names, a treaty is often referred to as a protocol, covenant, convention, pact, or exchange of letters on a global scale. International law, however, only classifies agreements as treaties if they are enforceable by all parties.The first recorded instance of a treaty is a border agreement between the Sumerian city-states of Lagash and Umma in the vicinity of 3100 BC. Treaties are among the earliest examples of international interactions.Most major civilizations utilized some kind of international agreement, and over the early modern age, both their sophistication and number increased.To learn more about Treaties refer to:
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Departmental information for the four departments at Samoa Industries is provided below. Total Cost Cost Driver Square Feet Number of Employees Janitorial $150,000 Square footage serviced 200 40 Cafeteria 50,000 Number of employees 20,000 12 Cutting 1,125,000 4,000 120 Assembly 1,100,000 16,000 40 The Janitorial and Cafeteria departments are support departments. Samoa uses the sequential method to allocate support department costs, first allocating the costs from the Janitorial Department to the Cafeteria, Cutting, and Assembly departments. Question Content Area 1. Determine the dollar amount of the Janitorial Department costs to be allocated to the: a. Cafeteria Department $fill in the blank d3a3f7fe8044fdc_1 b. Cutting Department $fill in the blank d3a3f7fe8044fdc_2 c. Assembly Department $fill in the blank d3a3f7fe8044fdc_3 Question Content Area 2. Determine the dollar amount of the Cafeteria Department costs to be allocated to the: a. Cutting Department $fill in the blank e20147f63072f97_1 b. Assembly Department
The dollar amount of the Janitorial Department costs is $30,000 and $120,000 respectively while the dollar amount of the Cafeteria Department costs is $10,000 and $40,000.
Dollar amount of the Janitorial Department:Cutting department:
= $150,000 X 4,000 / (4,000 + 16,000)
= $30,000
Assembly department:
= $150,000 X 16,000 / (4,000 + 16,000)
= $120,000
Dollar amount of the Cafeteria Department:= $50,000 X 4,000 / (4,000 + 16,000)
= $10,000
Assembly department:
= $50,000 X 16,000 / (4,000 + 16,000)
= $40,000
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A company's value-creating activities can offer a competitive advantage in one of these ways. a. contribute to greater efficiency and lower costs and provide a basis for differentiation. b. contribute expense savings and enhance product exclusivity. c. reduce cost disadvantages and market price anomalies. d. contribute customer experience value and conserve operating functionality. e. contribute to competitive assets and discontinue distinctive competencies.
A company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
What is differentiation?This is a process whereby organizations ensure that their product are recognized in the market space. The aim is to distinguish a company's product from competitors.
Hence, a company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
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If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 percent. This illustrates.
The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the product has an elastic demand.
What do you mean by elastic demand?When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.
Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the product has an elastic demand.
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Sam expects to receive $2,000 at the end of each year for 3 years. The annuity has an interest rate of 12%. The present value of this annuity at Time Zero, the inception of the annuity (rounded to the nearest dollar) is
The inception of annuity is $4850
An insurance contract known as a annuity is one that financial institutions sell with the goal of paying out invested money as a fixed income stream in the future.
Given Initial Cash flow is $2000
The rate of interest is 12%
We need to calculate the present value of the growing annuity that is
The inception of the annuity
Present value of the growing annuity can be calculated by
PV = C/r [1-(1/1+r)^n]
Where , C = $2000
r = 12%
n = 3
Substituting the values in the formula
PV = 2000/0.12[1-(1/1+0.12)^3
PV = 2000/0.12 (1-0.709)
PV = 2000/0.12 (0.291)
PV = 1,666.66 (0.291)
PV = $4850
Hence the present value of the growing annuity is $4850
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The emergency room fee related to an injury incurred by the Blairs' adult son, Eric, during a visit to their home. The Blairs graciously paid the bill; however, they provided no other support for Eric during the year. For 2022 Eric earned $18,000 as a self-employed house painter. Assuming the Blairs' adjusted gross income was $30,000, what amount of medical expenses can the Blairs deduct as an itemized deduction for 2022
The amount of medical expenses that the Blairs can deduct as an itemized deduction for 2022 will be $900.
How to calculate the amount?From the given information, the total expenses was $3150 and there is an exceed of 7.5% if the adjusted gross income.
Therefore, the amount that will be deducted will be:
= $3150 - $2250
= $900
In conclusion, the correct option is $900.
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The graph below represents the low-wage labor market demand curve for a U.S. city; there is also a line (MinWg) showing a $12 hourly minimum wage ordinance recently enacted by the city. Using the straight-line tool, choose two of the points shown to draw the supply curve for which the new ordinance would actually make a difference in how much workers earn.
The new ordinance will make a difference when the new wages will be binding.
How to depict the information?It should be noted that the supply curve shows the relationship between the price and the quantity supplied.
Based on the information given, when the equilibrium wage is above the minimum wage, the ordinance won't make a difference.
On the other hand, when the equilibrium wage is below the minimum wage, it'll make a difference for the worker.
Therefore, joining the lowest of the two points will give the equilibrium.
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A person who buys a piece of new furniture, finds it damaged, and says nothing because he doesn't want to confront the retailer, is engaging in the personal conflict style of:
A person who buys a piece of new furniture, finds it damaged, and says nothing is engaging in the personal conflict style of: avoiding.
What is avoiding personal conflict style?Avoiding personal conflict style can be defined as the way in which a person choose to avoid any form of conflicts.
A person with avoiding personal conflict style personality will tend to always run away from conflict rather facing the conflict just as in the case of the scenario given.
Therefore he is engaging in the personal conflict style of: avoiding.
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